Use the FIFO method and process costing to show work. See attached document for how I would like the work done. Please use A, B, C units, if possible.
During the month of October the company had sales of $83,000 (8,300 pies). Each pie sells for $10.
Using the following information, determine the Gross Profit for the Month of October.
Mixing Department: Beginning Balance 0
Ending inventory 1000 pies at 40% completion
DM used: $1000
DL used: $800
FOH allocated: $1200
Rolling Department: Beginning Balance 1600 pies that were 70% completed with costs of $600
Pies started: 9000
Pies transferred to Filling Department: 8100
Ending Inventory was 10% completed
DL used: $2338
FOH allocated: $2000
Filling Department: Beginning Balance 3000 pies that were 20% completed with costs of $7500
Ending inventory was 75% completed
DM used: $16200
DL used: $3800
FOH allocated: $1975
Baking Department: Beginning Balance 0
Pies Transferred into department 7600
FOH allocated: $14160
Ending inventory: 1300 pies that were 60% completed
Packaging Department: Beginning Balance: 2100 pies at 20% completion with costs of $12,600
Ending Inventory was 2000 pies at 90% completed
DM used: $7875
DL used: $1945
FOH allocated: $3890
Finished Goods Department: Beginning Balance: 2600 pies with costs of $15626
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